AMC Entertainment (NYSE:AMC – Get Free Report) updated its second quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.100–0.100 for the period, compared to the consensus estimate of -0.470. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Macquarie raised their price target on AMC Entertainment from $3.50 to $4.00 and gave the company an underperform rating in a report on Tuesday, July 9th. Citigroup increased their target price on AMC Entertainment from $3.10 to $3.20 and gave the company a sell rating in a research note on Tuesday, May 14th. Finally, Wedbush increased their target price on AMC Entertainment from $3.50 to $4.00 and gave the company a neutral rating in a research note on Tuesday. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, AMC Entertainment has a consensus rating of Reduce and an average price target of $5.37.
View Our Latest Research Report on AMC Entertainment
AMC Entertainment Stock Up 1.2 %
AMC Entertainment (NYSE:AMC – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The company had revenue of $951.40 million during the quarter, compared to analyst estimates of $951.40 million. On average, analysts predict that AMC Entertainment will post -0.84 earnings per share for the current fiscal year.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.
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